retail banking is banking which is used by retailer and bankers
Answer:
c) $17.15
Explanation:
Normal retail price of fries: $0.99
Cost of the fries: $0.50
Margin= $0.99-$0.50=$0.49
Considering, that with the lunch special, the fries are sold at a price of $0.50 which is the same as the cost of them, the margin lost per fries order is $0.49. If you sell 35 of the lunch specials, the total margin lost is:
$0.49*35= $17.15
Answer:
A. True.
Explanation:
The vast majority of goods are "normal goods": goods whose consumption decreases as their price increases. This characteristic is also known as the law of demand.
However, there are two types of goods that defy the law of demand:
- Giffen goods: inferior goods whose consumption increases as price rises.
- Veblen goods: luxurious goods whose consumption increases as price rises.
Answer:
Sustained competitive advantage
Explanation:
In order to remain competitive, a firm should from time to time monitor and measure changes in the external environment such as political ,economic, socio-cultural,legal and other external environmental factors . In response to these external trends, a robust internal capabilities should be developed either to reduce their threats or take advantage of the opportunities as the case may be.
It is very important for the firm to have a system in place that can be used to track changes in external business environment and also measure their possible impact on the firm.